UOB Business Loan

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    UOB Business Loan

    Borrow up to $550,000 and get up to $3,000 cash rebate*

    Apply Now

UOB Business Loan

Borrow up to $550,000 and get up to $3,000 cash rebates

SME loan with repayment period of up to 5 years. Receive 10% cash rebate on your interest payments in the first year worth up to $3,000*

 

*Terms and conditions apply

No collateral required

There is no requirement to pledge any property or deposit as collateral to apply for this loan. Personal guarantee(s) may be required.

Response in 1 day

Response in 1 day

Apply for your UOB business loan with minimal documents required and get a response within 1 business day^

Faster Applications Online

Our online application process has been enhanced to be fast, simple and secure with MyInfo Business. Enjoy less hassle as the form gets pre-filled and there are less documents to submit.

Saves time

Saves time

Fast application in just 5 minutes, less documents to submit

Secure and Simple

Secure and Simple

Online form gets pre-filled by retrieving your details via MyInfo Business

Fast Loan Disbursal

Fast Loan Disbursal

Upon full documents submitted and application is approved, sign the loan agreement and funds will be disbursed to your account

Loan Installment Calculator

Use this calculator to find out the indicative monthly installment payment of your UOB Business Loan.
 
Loan Amount(up to 500,000)
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Tenure(up to 30 years)
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Interest rate (indicative rate at 8.5%)
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Repayment summary

Please enter the loan information to continue.

There would be an estimate repayment of

4,553(Effective Interest Rate of x.xx%)

To assist you in your planning, we are pleased to provide you with a loan repayment schedule for your working capital needs. For more details, visit any of our UOB branches or request a callback from us.

 

Customer Story

Proper financial planning is not just marketing spiel for the average Joe, as it also applies to SMEs just like coffee business, Papa Palheta. Besides prudent spending and reinvesting profits, the coffee enterprise does not shy away from different sources of funding, as it can prove to be essential when it comes to expanding the business.

 

Growing a coffee empire

Leon Foo, owner of Papa Palheta and Chye Seng Huat Hardware, shares his thoughts on growing his coffee business, the importance of diversification to stay relevant and taking up the UOB Business Loan to fund his expansion plans.

Apply Now

Eligibility and FAQ

Eligibility

 

  • Sole Proprietor, Partnership or Private Limited Company
  • Minimum 3 years in business
  • Registered and operating in Singapore
  • At least 30% local shareholding1
  • Company's group annual sales of not more than S$100 million OR company's group employment size of not more than 2001 2

1Only applicable to SME Working Capital Loan or SME Micro Loan

2Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).

 

FAQs

UOB Business Loan is a bundled loan facilities which combines SPRING’s SME Working Capital Loan, SME Micro Loan and UOB BizMoney.

The UOB Business Loan aims to help SMEs expand their business and gain access to working capital financing to support their day-to-day business operations.

The UOB Business Loan is most suited for businesses looking to expand their business and therefore require additional funds in their daily operations. SMEs with the need to automate or upgrade their factories and equipment can also benefit from this loan.

SME Micro Loan and SME Working Capital Loan are Enterprise Singapore initiatives to help local small businesses gain unsecured working capital financing under the Local Enterprise Finance Scheme (LEFS).

From the Enterprise Singapore SME Micro Loan and SME Working Capital Loan, local enterprises can get a total of up to $400,000 loan if they meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of ≤ S$100m or group employment size ≤ 200^

^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

You may use our UOB Business Loan Installment Calculator to find out the indicative monthly installment payment of UOB Business Loan.

UOB business loan consists of UOB BizMoney, SME Micro Loan and SME Working Capital Loan and you may apply for any of them. The respective terms and conditions governing BizMoney, SME Micro Loan and SME Working Capital Loan apply and are contained in the application form and other offer documents, including the facility letter.

~Information is accurate as of 08 May 2017

#Personal guarantees may be required.

^For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore and bank public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore and bank public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for. Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB business loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB business loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB business loan and whether (i) to grant (or not to grant) the customer the amount of the UOB business loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB business loan requested for in the customer’s application form. Visit uob.com.sg/businessloan for more information.

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